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In the United States, crypto reform legislation isn’t the province of a single political party, and that’s why a former U.S. Congressman, who also played a prominent role in the Trump administration, believes that passage of a federal “digital assets” law this year is a real possibility.“Democrats aren’t all on
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As of the end of Q3, Virgin Orbit has $71.2 million in cash and $30.9 million in revenue. Shares of aircraft engineering company Virgin Orbit Holdings Inc (NASDAQ: VORB) dropped by 33% in extended trading as the company is discharging nearly all its workers. According to people familiar with the
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Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision.In a March 14 statement labeled the layoffs as “a strategic realignment to better focus our resources,” and pointed
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“The need for better crypto infrastructure is growing ever clearer,” Anchorage said in a statement to Bloomberg. “For us, that means focusing resolutely on our status as an unequivocal qualified custodian, among other safe and regulated ways for institutions to participate in the digital asset ecosystem.” Source
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The New Jersey bankruptcy court had banned BlockFi from investing in secondary financial markets, according to a filing by U.S. Trustee Andrew Vara made on Friday. In a series of letters starting Feb. 17, Vara, a Department of Justice official responsible for bankruptcy matters, urged the lender to shift the
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Bonuses between 17% and 94% will be in the best interest of the FTX group as it seeks to wind up affairs, the Tuesday document said. The overall package is capped at $4,027,204 and targets staff with key skills and knowledge, including programming languages such as Python, Rust and Flutter.
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Goldman Sachs’ digital assets unit is reportedly open to bolstering its 70-strong team, despite a massive cost-cutting exercise at the firm last month that will see 3,200 employees clear their desks.Mathew McDermott, Global Head of Digital Assets for Goldman Sachs said the bank remains “hugely supportive” of exploring blockchain applications and
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Last week, Hong Kong used Goldman’s private tokenization platform, GS DAP, to sell an initial group of digital green bonds. The city-state sold $102 million of the bonds and cut settlement time from five days after the trade to just one, according to Bloomberg. Source
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The CEO is linking the new job cuts to restructuring. Barely four months after laying off 22% of its staff, Dapper Labs is set to dismiss another 20% of its remaining staff. According to the letter sent to the team by Dapper Labs CEO Roham Gharegozlou, the latest decision is
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Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities. Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices Binance, the largest crypto
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